Are you a procurement leader? Struggling to mitigate the high costs and complexity of processes caused by supply chain disruptions? If the answer is YES, please read on…! Such risks as extreme weather, economic uncertainties, global pandemic, etc., have proven to be absolute threats to procurement and your supply chain. But the good news is,…
How do you boost productivity in QAD Procurement with Data-Driven Approval Routing and Workflow? Automation software has changed how we do business. Integration of this technology in the business environment is resulting in more efficient processes. In return, businesses are achieving higher levels of productivity and profitability. One such innovation is Data-Driven Approval Routing and…
Your business needs supplies, and when it comes to getting the said supplies, you must acquire the right quality, at the right time, and, most essentially, at the right price. However, when working on multiple projects or with multiple suppliers, ensuring you get your supplies at the right negotiated price can be challenging. The Difficulty…
The New ‘Business-Norm’ What is driving the Next Wave of change in Procurement? 1. Shift towards Business Process Automation and ‘Data-driven’ Approval Routing and Workflow. 2. Priorities of procurement leaders and their teams have rapidly shifted from running sourcing processes and negotiating contracts to partnering with business leaders so that they can immediately understand leaders’ requirements…
Over the years, due to increased competition, the role of procurement and procurement compliance in the organizational ecosystem has evolved. Initially, companies employed a passive procurement approach, which was primarily a clerical function supporting the technical aspects of a company. This evolved into independent procurement, which had more focus on improving efficiency, then supportive procurement, which…
The value of effective communication with your suppliers cannot be reinforced enough. Just as strongly as poor communication techniques can harm your business, effective communication can give you a major advantage. Integrating effective communication techniques will help develop strong supplier relationships by promoting trust, improving risk management, and supporting long-term goals. Build Trust…
